OrbitaxOrbitax

Update - Czech Republic Publishes Law Providing Increased VAT Registration Threshold, Windfall Tax, and Other Measures

|Approved Changes|Czech Republic
Czech Republic

The Czech Republic has published Law 366/2022 in the Official Gazette, which was signed into law on 28 November 2022. As previously reported, the law provides for an increase in the VAT registration threshold from CZK 1 million to CZK 2 million, extends accelerated depreciation for assets in the first and second group acquired in 2022 and 2023, and introduces a temporary windfall tax on exceptionally profitable companies in the sectors of energy production and trading, banking, fossil fuel …

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.